Is Sichuan Hebang Investment Group Co., Ltd. a state-owned enterprise?

No. Sichuan Hebang Investment Group Co., Ltd. was established in August. 1993. It is a group company integrating chemical industry, leather and energy. It is one of the key advantageous enterprises determined by the strategy of strengthening Sichuan Province. It is a private enterprise, not a state-owned enterprise. Sichuan, referred to as "Sichuan" or "Shu" for short, is one of the 23 provinces in People's Republic of China (PRC), with Chengdu as the capital. It is an important combination of southwest, northwest and central regions, the hometown of giant pandas, and is known as the "land of abundance".